Additional Listing

IQE PLC
15 January 2003




                            IQE plc ('the Company')

                               Additional Listing



Application has today been made to the UK Listing Authority and the London Stock
Exchange for a total of 327,721 ordinary shares of 1p each in the Company
('Ordinary Shares') to be admitted to the Official List and to trading on the
London Stock Exchange's main market. 41,210 of these Ordinary Shares are being
issued to employees of IQE following the exercise of share options under the
Company's employee share option scheme and 286,511 of these Ordinary Shares are
being issued to non-executive directors of the Company in lieu of fees as
follows:



197,945 Ordinary Shares, representing approximately 0.11% of the issued share
capital of the Company, are being issued to Dr G.H.H. Ainsworth in settlement of
his Chairman's fees for the fourth quarter of 2002. Following this issue, Dr
G.H.H. Ainsworth will be interested in 660,888 Ordinary Shares, representing
approximately 0.35% of the issued share capital of the Company.



88,566 Ordinary Shares, representing approximately 0.05% of the issued share
capital of the Company, are being issued to Mr S. Gibson in settlement of his
non-executive director's fees for 2002. Following this issue, Mr S. Gibson will
be interested in 88,566 Ordinary Shares, representing approximately 0.05% of the
issued share capital of the Company.



Admission of all the Ordinary Shares is expected to become effective on 20
January 2003.



15 January 2003






For further information, please contact:

Leslie Coventry, IQE plc                         02920 839400

Chris Meadows, IQE plc                           02920 839400

Matthew Wood, Evolution Beeson Gregory Ltd       020 7488 4040


                      This information is provided by RNS
            The company news service from the London Stock Exchange